Looked at the job market and medium incomes. - Looked at a few properties on Zillow, plugged the numbers into a DSCR calculator, and calculated the Cap rate. - Looked at the property tax.

For example, tell them how you can provide them a stable income over the years without having to deal with tenants, toilets, or trash.

There are a lot of full-blown property management software systems out there with accounting modals (Builduim, Doorloop, Rentred, to name a few) but they do a lot of other things besides accounting, bookkeeping, and taxes so not the same thing as QBO.QBO has a few cheaper competitors Stessa & Digb.com that are specifically set up out of the box for real estate investors (e.g. income/expenses categories are things you'd recognize like repairs, appraisal, etc.) and there is no need to set up a separate class for each of your properties since the portfolio already includes these.

Not only is QBO popular among CPAs, it has a user-friendly interface, and robust features make it a great option for those looking to scale up and stay organized with multiple properties or LLCs.While there are other options available, such as Stessa, QBO's integration with property management software and its ease of use for generating reports and tracking income and expenses make it a preferred choice for many.

Right now we have 2 units that are vacant, ready, and being marketed, and with the 'asking rent' reductions we just did to try to fill them faster (it's offseason for leasing), the estimated market value of the building based on net operating income is now $1,542,500.

I'm currently in college and have around 400k to 500k in cash but no income.

@Eric Lowder something to be aware, when you get your next loan, the lender will look at your schedule E to determine rental income from your property.  

Quote from @Madhul Shah: If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on the individual's taxable income from the rental property? 

You can also have your father or family to help co-sign as well if you need to show more income.

I'm currently a professional making around $400,000 (W2 income).